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Business Loan
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Shriram Business Loans

Business Loan in Udalguri

Udalguri, known for its tea gardens and agricultural activities, is a growing business centre in Assam. Entrepreneurs here require steady financial support to expand operations, upgrade equipment, or manage working capital. A Business Loan in Udalguri from Shriram Finance can be the right solution to meet these needs. We offer loans with minimal paperwork, quick approvals, and flexible repayment tenures, ensuring businesses get timely access to funds. Whether you need Rs.1 lakh* or more, our hassle-free process makes borrowing convenient. Take the next step towards business growth with the right financial support. Learn how a Business Loan in Udalguri can help you succeed!

Business Loan Types in Udalguri

Shriram Finance offers a wide range of secured and unsecured business loans for your business needs in Udalguri. These include:

Business Loan for Women
Business Loan for Women
Specifically intended to help women entrepreneurs in starting or expanding their businesses. These loans are available to women-owned businesses of all sizes and stages.
Startup Business Loan
Startup Business Loan
Help in raising capital and growing new businesses. It is helpful for startups that may not have a credit history. Loan amounts, tenure, and interest rates are determined by the credit and turnover of the business.
Loan Without Financials
Loan Without Financials
Suitable for businesses that have difficulty providing traditional financial documents, like startups or businesses with poor credit. It does not require detailed financial statements to prove their financial status.
Shop Loan
Shop Loan
Suitable for small retail businesses, such as shops and convenience stores, to finance their operations and growth. These loans can cover working capital, inventory, equipment upgrades, and marketing expenses.
Trade Finance
Trade Finance
Offered to support trading activities and related expenses. This covers financial products like letters of credit, invoice factoring, and export credit insurance.
Supply Chain Finance
Supply Chain Finance
Provides flexible payment options to both buyers and suppliers at competitive financing rates, ensuring smooth business operations.
Working Capital Loan
Working Capital Loan
Designed to help business owners pay for immediate operational needs, including purchasing inventory, hiring new employees, buying equipment, managing payroll, and other short-term operational expenses.
GST Business Loan
GST Business Loan
Provided to business owners based on their GST returns, with the loan amount determined appropriately. This type of financing helps businesses manage their Goods and Services Tax (GST) payments efficiently.
MSME Loan
MSME Loan
Offered to assist micro, small, and medium-scale entrepreneurs in meeting various business expenditures. These types of unsecured business loan can be used to finance working capital, equipment purchases, and business expansion.

Features and Benefits of Business Loans in Udalguri

If you require financial aid to expand and grow your business, Shriram Finance is an ideal choice for availing of a hassle-free business loan. Some of the benefits are:

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

Business Loan Interest Rates and Charges in Udalguri

For further details on interest rates and applicable fees/charges on business loan offered by Shriram Finance, refer to the details below.

Type of Fees Applicable Charges
Interest RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp to 4%*

How to Use the Business Loan EMI Calculator?

STEP 01

Required loan amount

â‚ı

STEP 02

Interest rate

%

Min 10%

Max 30%

STEP 03

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

â‚ı 1,00,000

Interest Payable

â‚ı 39,450

Monthly EMI

â‚ı 1,660

Eligibility and Documentation Criteria for Business Loans in Udalguri

Eligibility and Documentation Criteria for Business Loans in Udalguri

  • Individual IconWho can apply?
    • Pvt ltd companies
    • Partnership firms
    • Proprietorship firms
    • Public Ltd companies
    • LLPs
  • Individual IconEligibility Criteria:
    • Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
    • Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
  • Individual IconDocuments Required:
    • Bank statement (6 months)
    • Business registration proof
    • Business PAN
    • Applicant PAN
    • Selfie Photograph

Step-by-Step Application Process for Business Loans in Udalguri

Applying for Shriram Business Loan is a 5-step process:

How To Apply
  • Step 1

    Register using your mobile number
  • Step 2

    Enter loan details
  • Step 3

    Enter business details
  • Step 4

    Receive a verification call from us
  • Step 5

    Get your loan disbursed

Unsecured Business Loans in Udalguri

Shriram Finance offers unsecured business loans from Rs.1 lakh* without collateral. Benefit from flexible tenures, attractive rates, and a hassle-free online application. Loans are subject to eligibility criteria, including a minimum of 3 years in business, and may vary by location.

Our Business Loan Branches in Udalguri

Key locations of Shriram Finance in Udalguri include:

Locate Us

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Business Loan Customer Care in Udalguri

Shriram Finance offers dedicated customer care services. Reach out today!

Business Loan Status in Udalguri

To check the status of your personal loan application, visit our website and enter your application reference number. Choose Shriram Finance, for a smooth borrowing experience.

Business Loan FAQs

Who is eligible for a business loan in Udalguri?

Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs are eligible to apply for a business loan. The applicant should be between 21 years to 65 years old (with age at loan maturity not exceeding 65 years). Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience are also eligible.

What is the interest rate on a business loan in Udalguri?

The interest rate for Shriram Business Loan starts from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to their interest rate and charges section above.

How much loan can I get for my business in Udalguri?

Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan amount depends on your business's needs and eligibility

Can I apply for a business loan in Udalguri?

Applying for a business loan with Shriram Finance is very easy. You can apply online or visit a branch.

What is the maximum loan tenure for a business loan in Udalguri?

You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.

What is the processing time for a business loan in Udalguri?

The loan approval time is fast. This is dependent on the credibility of the information furnished, fulfilment of the eligibility criteria, and submission of relevant documents.

What is the eligibility for a startup business loan in Udalguri?

For a startup business loan in Udalguri from Shriram Finance, the eligibility criteria are generally the same as for a regular business loan.

What is the minimum interest rate for a business loan in Udalguri?

The minimum interest rate starts from 10%* p.a.

Disclaimer

The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.